Iberia has received a takeover approach from Spain’s Gala Capital that values the airline at up to 3.7 billion euros ($5.4 billion), topping an earlier approach led by private equity group TPG.

Holland America Line, which announced its $225 million Signature of Excellence program in November 2003, has since invested another $200 million to enhance its ships, expand activities and introduce more amenities.

Jamaica will launch a hospitality training school in Montego Bay, scheduled to be operational by the end of 2009, announced Edmund Bartlett, minister of tourism for Jamaica, at the 30th Annual Caribbean Tourism Conference (CTC 30), in Puerto Rico’s San Juan.

Business travel spending will continue to increase in 2008, according to the latest survey of senior-level executives and corporate travel managers by the Association of Corporate Travel Executives (ACTE).

British Airways has presented its interim management report for the first six months of the year with an operating profit of £556 million, compared to £442 million in 2006.

LAN Chile officials disclosed this week that its plan to increase air traffic by 50 percent through the addition of new daily flights was too low an estimate. Halfway through the plan’s implementation -which will run through the end of 2008- LAN officials now believe that the actual figure will be 65 percent by the time the plan is fully applied. Zoom